Proposals of the Shareholders' Nomination Board to Stora Enso Oyj's Annual General Meeting 2023
The Shareholders' Nomination Board proposes that of the current members of the Board of Directors, Håkan Buskhe, Elisabeth Fleuriot, Helena Hedblom, Kari Jordan, Christiane Kuehne, Antti Mäkinen,
The Shareholders' Nomination Board proposes that
"Hock has during his tenure since 2012 been a valuable member of the Stora Enso Board of Directors. I would like to thank Hock warmly for all his valuable work for
With regard to the selection procedure for the members of the Board of Directors, the Shareholders' Nomination Board recommends that shareholders take a position on the proposal as a whole at the General Meeting. This recommendation is based on the fact that at
The Shareholders' Nomination Board proposes to the AGM that the annual remuneration for the Chair, Vice Chair and members of the Board of Directors be increased by approximately 2.5–3% and be paid as follows:
Board of Directors
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The Shareholders' Nomination Board also proposes that the annual remuneration for the members of the Board of Directors be paid in Company shares and cash so that 40% is paid in Stora Enso R shares to be purchased on the Board members' behalf from the market at a price determined in public trading, and the rest in cash. The shares will be purchased within two weeks of the publication of the interim report for the period 1 January 2023–31 March 2023 or as soon as possible in accordance with applicable legislation. The Company will pay any costs and transfer tax related to the purchase of Company shares.
The Shareholders' Nomination Board further proposes that the annual remuneration for the members of the Financial and
Financial and
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People and
Chair |
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Chair |
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In 2022, the Shareholders' Nomination Board comprised four members: Antti Mäkinen (Chair of the Board), Håkan Buskhe (Vice Chair of the Board) and two other members appointed by the two largest shareholders, namely Reima Rytsölä (
The main tasks of the Shareholders' Nomination Board were to prepare the proposals for the AGM 2023 concerning Board members and their remuneration. The Shareholders' Nomination Board convened five (5) times during its 2022–2023 working period. Each member of the Shareholders' Nomination Board attended all the meetings.
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